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Volvo China Commences Layoffs Following Announcement of 3,000 Global Job Reductions
1 day ago /
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Author：小编
Subsequent to its announcement of 3,000 global job reductions, Volvo has commenced layoffs in China, with the primary focus being the Shanghai Technology Research and Development Center. Positions affected span engineering, research and development, as well as supply chain management. The severance package for these layoffs consists of N+3 months of salary, where N signifies the number of years of service. These measures are part of Volvo's strategic realignment plan, designed to curtail costs and enhance operational efficiency amidst challenges like the sluggish transition to electrification, tariff pressures, and declining sales figures.
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